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I'm generally in your camp when it comes to economics, but many of my friends are small business owners and have a different perspective of the democratic parties approach to economic regulations. So many regulations seem like the capricious whims of some bureaucratic elitists in the executive branch. Some of them even seem punitive against a class of people those bureaucrats don't like. Even well intentioned regulations seem to have unintended consequences that may be worse than the thing they're trying to fix. And then other regulations, like many of those you mentioned here, seem essential for a healthy economy. I've never liked the flat "regulate"/ "deregulate" narrative. I think a more mature discussion would weigh the balance between economic efficiency and non economic social values that affect different peoples, but we can't even get past the "does this work?" phase because of political spite. I'm curious about what your take on JD Vance is. He seems heterodox compared to the usual republican "deregulate" approach.
At 9:35 you say 20% of white college grad liberals support reducing police budgets. but the text says that they favor this policy by 20% which would imply a 60-40 split. I’m assuming this is what you meant.
You might want to look into this product and whether you want to promote it. You haven't personally used it, despite what your copy says, or you would have known.
Always ticks me off when Biden went around about record job numbers. No shit Sherlock, we just exited a Pandemic where few people were working. Of course the job numbers went up you tool. Those would be record job numbers no matter who was in office. So tired of the gaslighting
@@ngf5077 In this world, “living above your means” by your definition just means “lives on their own at 29”. I’m 25. I live at home because I have no faith in moving out due to the fact rent renewals are in the order of several hundreds of dollars in annual rents when the time to re-sign the lease comes, so instead I just help my parents with the mortgage and funnel money into my business to grow it because I know my parents enough to know they will help us when they’re free of their mortgage. My older sister who’s 28 and does live on her own only does so because she rents a family friend’s old condo who has thankfully never raised her rent. She has coworkers in their young 30s who’ve had to move back with their parents. She has a coworker in their late 30s who have opened up their home to roommates to afford living. I have a coworker in their late 60s who had to come out of retirement last year because payments weren’t leaving them enough wiggle room for comfort due to medications costs and car payments after they were forced to upgrade by their old 1992 finally crapping the bed. Sorry buddy but not everybody out here putting $200 bar tabs on credit just so that they can go out every week like you seem to think. It’s just that things are actually brutal, and the CEOs and politicians are committing financial g***cide against the middle class.
There is no need to be angry, AI generated buff guy voice in my youtube shorts told me if I wake up at 5 every morning and do push ups, I will also become a billionaire
NEVER accept the average, always demand the MEDIAN from your corrupt politicians. If the MEDIAN number isn't positive, then its not the 'Bestest economy evar'
@@ruirodrigues2938 Approximately every 10 years. DotCom bubble in ~90, don't remember ~98's crash, Housing bubble in ~08, covid in ~18, Not sure that's in ~28, but I'll wager my shares of amazon on it.
The fact that Kahn's achievements can't be celebrated by the politicians that support her tells you everything you need to know about how fucked it all is.
She didn’t do anything though. All her actions were blocked by courts. All she did was stop a couple of mergers and threaten google/microsoft which is symbolic because nothing ever happens.
@@hypothalapotamus5293 Do that and the media will eat you alive, because it is owned by the rich. Hence those ordinary people will believe you're harming them big time. We cannot win. The game's rigged beyond repair.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
We really lucked out with Lina Khan. She knew she'd make enemies. She knew she would never be re-appointed. She didn't care - she did her job anyway. Respect.
Lina Khan was the goat, now that Trump is elected she will probably lose her position and we will not have another hero like that for at least 4 years, she really was doing thankless work I hope her career doesn't end here
Also the definition of employment includes being a driver for Uber or Deliveroo. If the definition of employment was “you have a job that allows you to afford to buy a home, a car and take a holiday each year” then I’d love to know where we are.
I am a landscaper in Maine. I mow the lawns of mega mansions and million dollar vacation homes nobody even visits once all year. The vast majority of the lawns I mow all summer are seen by nobody, because the owners never even visit once all season. These vacation homes are three times the size of most people's regular houses, and very very modern and expensive. Cobblestone walkways, in ground pools, in ground hot tubs, tennis courts, gargantuan luxury style fire pits, bus-sized brand new RVs that never even move, lines of 4 wheelers and dirt bikes, classic cars, you name it, they got it, and they don't even live there, these are secondary fun-houses to them. These vacation homes would blow your mind and 1000 new ones pop up every single year here. I make 20 dollars an hour. It is time for fire and pitchforks.
You think thats bad, In the UK theres i did some work for the mega rich as a ----. (cant say more) But entire villages of mansions are hidden in the most remote areas you can think of where billionaires spend 8 days for a year for a limited sports events (you can guess the name). These mansions, are massive like you said there's heated pools, gold beds, all year round heating, silk everywhere, cinemas in every house, just everything. Makes the royal palace look like shit, because honestly its really tastefully done and looks incredible. I lost that job because my boss didn't like me not putting in the extra hours and effort after seeing that, what's the point money takes money and there was more money in the items i was working on that id ever earnt combined. Last straw is when my boss/company owner failed a contract because the uber rich don't care about cost only quality so if your boss makes a mistake about the quality of a job it always lands on the lowest rung. My fav story ive come across from one of my older co-workers about a job i was working on. One billionaire bought a street of new build mansions demolished them all (but 1) in london (some of the most expensive land in the world) and built his own estate on it. Its huge his front gardin is larger than everywhere ive ever lived, worked and learnt combined. That last mansion he didnt demo? he turned into a house for his fucking dog. His kids had a tree house larger than my actual house with everything a kid would ever want including a deathside into a heated pool. That mansion had a underground bunker for his classic cars the size of a stadium i would have put money on it being a ICBM silo but it wasn't as the owner was besties with a Russian billionaire. It was the guys main house as there was family photos and the like so it was lived in alot. Meanwhile i was expected to do 14-16hr days on £10 an hour to stare at that house, with a boss that did nothing but complain at how much i cost... yeah time to change. I get that there are nice people at the top, most just don't understand how rich they are and how little everyone else have while the rest do understand it but have no desire to change that.
I was in Paris recently and noticed how dark the city is at night. I’d say maybe only 10% of apartment lights were on in the evening the entire time we were there.
It really angers me that "can't find work" for too long = not "unemployed", but rather "not working" by modern standards. They are padding their stats so hard.
truth! it's all about the fake/old/manipulated KPIs the government uses. companies change the KPIs they manage to/focus-on, why can't our government do this as well? also, the unemployment rate should never be shown/charted without including the labor participation rate (example). LOL
Those stats exist. They haven't used that measure for 30 years tho bc it made them look bad. We use U3. But we used to use U5 or U6, which includes ppl looking for work. Those numbers are shocking, and you see why they switched.
I get the assertion, but you are considered unemployed as long as you're actively searching for a job. You drop out of the employment pool only after a period of no employment or attempts to become employed. It's a difficult line to draw, because we know a lot of young men especially are falling out of the labor force because they're discouraged by abysmal job availability, but if you always measure using the entire population then you run into crowds like full-time parents and retirees. The data isn't necessarily supposed to be a perfect picture at any point in time, but it's as accurate as we can get and movements in the data can still tell us a lot.
This is the issue with an incredibly unequal society; there is no longer any relationship between macroeconomic success and the success of the voting population. So basically it doesn't matter how well 'the economy' is doing if ordinary people aren't getting the benefit.
Time to raise income and long term capital gains tax for people who make over $500k a year and then dole it out as some form of UBI. Then people would care more.
No one supports that. When democrats are in control they never raise taxes. Obama promised and then got into office and extended the bush tax cuts! Biden didn’t reverse the Trump tax cuts. Democrats will never raise taxes on their donors. Kamala didn’t raise $1 billion through 100 million $10 donations!
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
I talk a lot about how important it is to have an advisor.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.
This feels like a direct response on the most recent Patrick Boyle video about how everyone is doing better but people are just too dumb to see it and just complain due to nostalgia Good job once again mr. how money works on showing the actual bad reality people actually live in
People are in a bad place because of the decisions they make. I’ll die on that hill…we’re making more money than we did 5 years ago but somehow is much broker. People are keeping up with the Joneses and complain about the price of a can of tuna but if you see their instagram you’d believe otherwise.
I'm glad I'm not the only one who thought that. I was a little surprised he put that vid out. He was definitely saying we're not smart enough to understand that not we're not broke😂
The degree is mostly useless. The market and government simply does not care about your credentials. You should have invested the money spent on the degree.
Reminds me of a story I heard about reporters asking Black people about the start of the Great Depression, and Black folks replying, "Started? We didn't know it ever ended." When you're constantly underwater, you don't know or care about the weather on the surface.
Personally i just dropped off the rat race. Spent 5 years doing extra classes or juggling 2 jobs or accepting really highly stressful jobs, doing a ton of overtime and i pass and i basically got nothing to show for it today. I almost ended myself last year after being laid off. Now i'm back being ok but i just work as a custodian, do my 40 hours then go back home taking care of my dog and playing video games. Got rid of the car and a bunch of other stuff to reduce my expenses as much as i could to not feel pressured about money. I tried to become middle-class but the middle-class doesn't want people to join it. So screw it.
Lmao you have a house, a pet, and owned a car. You definitely were middle class and just didn't realize it. But I'm glad you found what makes you happy. We're all gonna die in the end so just enjoy it
@@jonathanabgrall6075 with your description on how your life is, I see that as middle class, we still work, but when we home we have our dog or family and get to relax with TV or whatever entertainment. The idea to join the upper middle class is something people forget that was the “American Dream” that is dying. But stranger I am proud of your strength, and hope you can join the tribe off car, house, and vacation soon!
Lina Kahn has been a blessing. Since I keep up with what she’s been doing, I didn’t even notice her wins weren’t being praised by the democratic side. That’s absolutely vile. They deserved the L just for that, but also now I’m mad that the majority of people that do not keep up as much I do will never know the good that Lina did for us. Ridiculous
They also massively got illegal immigration under control towards the end of the term. Democrats this election hardly talked about the massive benefits they brought to the country.
The majority of people do not keep up as much as you do on ANYTHING. For work reasons, I've spent the last couple of years immersing myself in topics such as disinformation warfare, and the gullibility of the average human being keeps threatening to put me into a depression coma. Critical thinking is both one of the most important skills on Earth, and one of the rarest.
@@TacoTuesday4 You work 24 hours a day? Did you work 24 hours a day? I got news for you. If people had to spend every moment of their lives working, they'd be dead in days. Either because forcing that will introduce them to health complication or because they will introduce a bullet to their brain. Your expectation is not realistic. Not even ancient hunter gatherers worked themselves all day every day, they gave themselves plenty of time "off".
One of my favourite political commentarors basically brought up how on paper the U.S economy is doing better than ever and there actually isn't an issue. Problem is, just because it's doing better for megacorps and investors doesn't mean it trickles down to average people.
2 days ago i want to the third round of interviews for an entry level job. The ammount of things the interviewer told me that the position needs to do was just nuts with the added "There will be days where you will need to stay more time" i didn't even complaint because i had been unemployed for 5 months and I'm getting tired. Yet i need to be somehow thankful.
I've never used 60% of the knowledge required for my job position. I've also seen unqualified people with fake jobs that have special networking situation
I hear ya. I was just turned down a second time for a case worker job I'm fully qualified for working with homeless people ironically helping to ensure I become homeless in about a month.
@@olivierdomingue6312 I work in HR and completely agree. There's a whole lotta nothing going on. A bunch of people creating reports to reply to auditors and regulators, while they circulate feel good announcements about opportunities to volunteer for non-profits.
As the primary bartender of a little local bar/brewery in a middle class neighborhood, you don't need a degree in finance to see how bad things are. From sad strained tone of what people talk about, their plans for the future(or lack there of), or things as grim as the many former regulars I haven't seen once in the months/year since the day they came in to "celebrate" getting laid off. I've always identified as an Optimistic Realist: the glass isn't half full or half empty; there's just room for more. Even I don't remember what hope feels like.
The only reality we have left is that there isn't a future which is both freeing, because our expectations are gone, and terrifying because we understand that, that nothingness we feel isn't depression but life.
@@jayzee4097Frankly, that emptiness is depression. Please talk about your feelings with someone you care deeply for. Even if nothing changes, talking helps.
@@Graemyr The point of my comment is that depression and the dark cloud hanging over many of us is structural, not personal, so it's not a thing that we can fix until we accept the material conditions of our society instead of blaming ourselves for not seeing a future. And, I'm hopeful that the newness of the social science behind the idea above will enter the mainstream enough for all of us to talk about, but I think that I'll chill until then.
You have hit the nail on the head. People don't acknowledge there is a problem. Both politicians and the media. It leaves the majority of the working class entirely frustrated and hopefully something is done about this soon.
@@thebes118 Trump? Cleaning up? The billionaire that is about to stuff every american institution full of unqualified buffoons? Yep, I'm sure he's not just interested in not going to prison and enriching himself. I really hope you're trolling, otherwise the american people are even dumber than I imagined and we already look down pretty far on you guys.
@@thebes118Trump wants to cut spending on social programs and cut taxes for the rich. That will help the working class. Ah yes, then we have those tarrifs.
@@thebes118 Yeah he probably addressed very few issues but that itself was enough for him to get an overwhelming majority vote. Shows how desperate people are to get a resolution.
Ive not had a raise in 4 years while prices go up for everything. Im amgry too. Worse yet, if i did get offered a raise, its barely going to be .2% despite being in a position that was supposed to be salaried. Im already getting paid only 55-60% of whats listed on glassdoor. Still gotta vote for the side more likely to help overall.
The post office make it hard to do business with them. A local church quit sending out their monthly newsletter and now email it because the minister took the mailing to the post office and it took him over an hour to get it mailed. A check mailed locally to me took five weeks to be delivered. That customer now has me set up ACH no check will be mailed and I can send them the invoice electronically. Another check was returned to the sender even though it was properly addressed to my business in my home.
“Employment is up” is the biggest lie. I witnessed tons of layoffs. I was the one who had to disable their user accounts. I knew who and when they were being let go.
There's something called the TRU True Rate of Unemployment that accounts for things like part-time work, or people who aren't making a livable wage. It puts the number of unemployed at around 20 percent, though it's different for different areas. One place had a TRU of 60 percent.
Add onto that many places keep their hiring signs and open positions up even when they're staffed. Temp agencies are on the rise so technically there are jobs, but once you apply and get accepted you're basically on a wait list. They leave candidates hanging to dry in case someone doesn't work out they can just pull names from the pipeline.. I knew someone who was a recruiter and I asked him how many of these positions were actually vacant and he said next to none, "they" just tell us to keep the listing's up. That's why it feels like you apply for a thousand jobs and only 10 get back to you, and only 1 accepts you. Jobs are up, but it's inflated artificially.
Heh no, we haven’t even begun class warfare yet. We’re still just reminding people how badly they’re getting snookered unless they’re so wealthy that they’d only have to work again if the stock market literally went to zero.
This last election, ranked choice voting was outlawed in 17 states. Every single one of them Red. Giving voters choice does not favor incumbent parties, so it will never be fixed until the systems shatters.
@@invalidusername9999 That's the tell. We have to keep trying. Let's hope you're wrong on the system shattering -they've set up an enormous police state for a reason.
The most depressing thing is that I cannot imagine any endgame to this. No breaking point, no paradigm shift, no downfall in sight, no vision of things ever improving in any area. It feels like things will gradually keep getting worse seemingly infinitely.
El único punto de inflexión es la destrucción del sistema monetario por su propio peso, cuando el dinero se halla imprimido tanto y la confianza en este se pierda lo suficiente para guardar en otra moneda entonces podemos hablar de un reset, pero sería horrible la transición para los más vulnerables a corto plazo.
Nothing new, history has been repeating itself. WWII was the last bottoming out before good times come back after. We're on the decline again until things get equally as bad, because the majority of people don't retaliate in big enough numbers to prevent living standards dropping. It won't again be until there's another world war or other drastic event that has enough people homeless and dying on the streets to actually band together to overthrow the suppressors. Enjoy things while they're still relatively good, I don't think the 21st century is going to escape the repeat.
I’m just frustrated as a college student about to graduate literally in 3 weeks. I have been told at a young age that getting a degree will help me for my future. But my field is so saturated (CS major), I am tired of spending hours of my time doing OAs to get an automated rejection. At this point I need a job to survive after a new grad but my parents are so upset that I cannot find a job for something I studied 5 years in…. How the heck can someone get a well paying job in a other field but job requirements are so strict and dumb
Technology has always been bad about pigeon-holing applicants and demanding a precise match. I encountered the same in the late 1990s. Companies are unwilling to believe that "a coder" can jump into a different language or platform.
@@Avo7bProjectit's more so that companies can be picky and choose the candidate that won't need a few weeks to learn the required language or framework when they can just hire somebody else that won't need that ramp up time
Better get away from your parents, they will make everything worse by pressuring you into doing things that make them proud but keep you poor with limited options
I feel your frustration, I got multiple certs yet every it job Ive applied to in last 4 months, only 2 of them gave responses, which were not selected. I think its the mentality of businesses leaving hooks out and seeing if what bites is an industry veteran and matches with "on paper" expectations.
Oh I just graduated CS too, I feel your pain. Worst time to graduate CS since 2008 or the NASDAQ burst of the early 2000s, but at least prices went down then, now they're going up.
Politicians: Inflation is down! The people: but prices are still up! Politicians: We created 1 million new jobs! People: Then why can't I find one that pays me enough to live and is full time? Politicians: We have the fastest growing economy in the G7! People: When why do I have less money than I did in 2019 while working two jobs?
Offering $5/a day to pick up dog poop counts as creating a job. They never say anything about the quality of the jobs. Unemployment can be down bc everyone is working multiple jobs to make ends meet
Politicians? Who’s in office right now? Lmao, when democrats are in office and things are bad it’s politicians. When republicans are in office and things are bad people make sure to specify. 😂🤡
Saying the stock market is at all time highs is the same thing as saying "rich peoples' bank accounts have more money in them than ever!". This doesn't help the working poor and the middle class at all.
Anyone who has a pension pot (which I would hope includes 100% of the middle class, and a decent percentage of the working class) is invested in the stock market
One easy thing : Stop thinking that the wealth of the rich (GDP (per capita or not), Growth, stock market and all usual indicator) is the wealth of the nation.
That’s the hardest thing in the world. The winners in the current system WANT you to only be aware of those indicators because those are the ones that benefit them. Reporting on the number of people who live paycheck-to-paycheck would be much more useful for understanding the median American, but would also expose how poorly the economy is doing to enable the wellbeing of non-hypereducated workers.
truth! it's all about the fake/old/manipulated KPIs the government uses. companies change the KPIs they manage to/focus-on, why can't our government do this as well? also, the unemployment rate should never be shown/charted without including the labor participation rate (example). LOL
@@stitch77100 it’s median there bucko, but you’re deffo right. Another thing is to report on buying power (relative to some standard value such as the median buying power in 1978, when real wages basically stopped increasing) rather than dollars earned. Some people simply refuse to understand that if you get a raise but inflation goes up more than your raise did, then you lost purchasing power even though you gained dollars.
Don't forget that part-time workers who want full-time work aren't counted as "unemployed" So in this gig economy: unemployment is low but full-time employment isn't the answer to why unemployment is low.
oh come on guys just take one of the millions of new jobs that are either fake numbers reported by corporations for tax reasons OR just straight up worse paying jobs than anything you've had previously what's the big deal?
That’s the funniest part. If you do find a job posting or get contacted about an open job, the pay is the same or worse than what you were making 5-7 years ago. These companies are clowns 🤡
@@blahblahblah-uw4ufI got a posting yesterday for mechanical technician II which paid $21 dollars/hr. The regular assemblers at our company make that starting out why would an experienced and trained tech be willing to take that pay? Stupid.
@@andrewpolito9244 Exactly. Why would someone with 5-10 years of experience be interested in a job that pays the same as an entry level person with zero experience. Make it make sense.
thank you, for making this. I'm tired of being gas lit how bout how great things are when I work 40 hours a week and can't afford and see no upward mobility at this point in my life
@@ngf5077 This just isn't true, and I'm far right in my political beliefs. A lot of people in this country are VASTLY over paid, and by inflation that makes people who really deserve what they work for underpaid.
@@Justin73791 deserve? Negotiate higher compensation. If you are worth it then you will be paid it. If someone is overpaid then provide their service for cheaper.
Time for us to have the same attitude towards them as the people had towards the hag who once allegedly said that (Marrie Antoinette). Like a Japanese Sushi Chef I say! chop chop chop!
In the Animal Farm the goverment kept saying the stats are up this and that percent, but the peope didn't feel it. That is what is happening now. The gov keep spitting good stats but the people feels thing are getting worse and worse.
mergers & acquisitions are a symptom of small businesses being destroyed. Merely restricting them won't do jack squat. Allowing small firms to compete is the remedy. And making it easier to be self employed will do a lot to alleviate the employment problems. If self employment is a more viable option for employees, then employers are competing against self employment opportunities and not only with other big employers, with whom they can collude.
Yeah. The regulatory burden for small businesses is insane. My last employer owned a convenience store. They wanted to start selling warm biscuits. They already sold warm hot dogs. It took them a year to get the license approved. Not because the state said they were doing anything wrong. That's just how long it took for the paperwork to get processed. I know another guy who opened a coffee shop/café. He got all his paperwork in and months later they still haven't approved him to sell most of the menu items he wanted to offer. It's ridiculous.
To some extent the self-employment movement has been underway for at least the last ten years. It HAS been having SOME SMALL effect on wages, based on my research (or at least, based on published research I've been reading).
@@Pacemaker_fgc If I could like this one a million times, I would. Yes. No matter what rules there are, they favor someone over someone else, and some group eventually does better than the other people. Simulations have shown that even if monetary success was entirely RANDOM, whoever wins in the first round does better than whoever loses in the first round by the time several rounds have gone by, thanks to compound interest and investment returns. (Assuming at least some of the winners of the random success distribution make sensible investments with their money... which means the smart and disciplined people win out even in a world where success is completely random.)
"Here in california cities are spending billions of dollars to address homelessness". There is so much wrong in this sentence. JUST BUILD FUCKING HOUSING.
Unfortunately it goes directly against the will of the voters... who are invariably older homeowners who specifically benefit from limited housing supply. It's literally a political cartel situation because the constituency is made up of landed incumbents and not potential new taxpaying residents.
anecdote time: after getting laid off in '22, going through a career change to dev work, which then followed the tech downturn and layoffs and its been a fucking fight to get an underpaid job just to start getting experience since im now competing with thousands of laid off experienced, highly skilled workers. yet all year i heard how great the economy was and how many jobs were being created. the more i saw this bullshit the angrier i got through the year because i just kept questioning who is it good FOR!? this shits real man and the anger creeps up on you before you know it in just the right circumstances
Well that’s on you for falling for the tech bro bullshit. I’ve seen so many of your type in the industry, and you can’t just expect that in a few months you are going to get anywhere close to people that started in this industry. I’m tired of having incompetent coworkers because they taught that tech was easy money.
@ lol dude shut the actual fuck up. I did programming in college for new media art with a focus on design instead of computer science. It’s not my first time coding I just didn’t look into as a career. Go clutch your pearls somewhere else you snob asshole
@@andyvirus2300 my last comment got deleted so i wanted to make sure i said this in a nicer way this time. you have no idea who i am or what my life experiences are at all, and for you to make that leap about me says alot more about you than me as a person and how you treat others. i went to school for new media art, where i had to learn the basics of coding, but my degree focused on design, not computer science. This is absolutely not my first time coding, but i decided to take my previous skills and leverage that into a new career, which i was able to do. so again go clutch your pearls somewhere else, and i pity the people that are forced to work with you, knowing you clearly wouldnt have any interest in helping someone grow or become better
@@andyvirus2300I’ve been doing it since I was 15, and still having issues even getting internships 4 years later almost done my bachelors in software engineering. I have VR game mod (bug fix) , full stack website (that is actually useful, uses an algorithm to reccomend you the best cards for your credit profile and spending habits, im using it myself), and automating some spreadsheet processes in excel. I also do have previous work experience but that’s only from part time retail, I have personal experience working on electronics, bikes, and cars as well, still no dice on these jobs. Every 100 applications, I’ve only gotten 2 beyond the rejections/ghostings, and one of those was a scam.
The big problem with fixing this is Americans are leveraged to the gills, with estimates that the average consumer had already used 80% of their available credit back in the summer just to keep up with runaway inflation. We see also car loan delinquencies along with credit cards are at decade highs as people struggle to make payments. So now consumers are having to cut back, purchasing only necessities, making only minimum payments, and so on. This means business revenues and profits are declining as the average American no longer has available credit to continue purchasing like they have for the past few years; and that means layoffs, hiring freezes and/or reduced hours, further hurting incomes and earnings, and driving up loan delinquencies in a vicious spiral.
Most people don't really need cars in the first place. We can complain about the economy 'till the cows come home, but let's not pretend the average American is making wise financial decisions.
@@loneIyboy15 You've obviously never lived in America if you think a car is not an absolute necessity with how transport works here. Plus if Americans stopped buying cars the economies of Germany and Japan would implode and take Europe and Asia with them. Economic prosperity requires both the production AND consumption of goods and services. You can make whatever you want but if no one buys it you'll go broke real quick.
@@loneIyboy15 You can't even hold down a job in 90% of the country without a car. Hell, most companies won't even hire you if you don't have reliable personal transportation.
this is what happens when you have scholars and politicians obsessing over numbers and spread sheets. you can cook numbers to look great meanwhile everything is falling apart.
9:26 As a poor, I can tell you that involving police does nothing at best or they just make the situation worse for us. Most police dont do anything, detectives or federal agencies handle serious crimes and minor crimes are never solved.
It's a top down economy. Stock market & those at the top are doing great. If you Middle or lower class then your still getting COVID pricing, paying more for less. Get ready for it to be worst. Once the last bit of consumer protection & regulation is stripped away your going to be paying top dollar for garbage & terrible service. Yes even worst than what we have now.
@@typemasters2871Not the goal of democracy but the goal of capitalism and conservatives who don't care about you. Conservatives basically don't have eyes or ears and have hallucinations instead. Why support the guy who wants to make children work?
Employment statistics are always terrible in politics. They have no connection to the people. Just because unemployment is less, does not make Joe Bloggs happy about a 9-5 job which pays below minimum wage which and only just pays their rent.
Not to mention most of those jobs probably aren't even a 9-5, like pretty much all customer service and retail jobs have a very small amount of full time positions, everything else could be a 20 hour work week, hell I've had retail shifts of 4 hours every day it's terrible and pays nothing but it still counts as employment!
@@onikwa Yeah, 20 hours a week just isn't enough time for the cost of living and when you are working 2 or more jobs you have the extra fun part of wasting about 10 to 20 minutes every week with your managers at those jobs to negotiate times in which you can work because they overlap with another job even though I made it clear on my availability I was not available during those times. I'm thankfully full time now but I do not want to go back to that. I still think the average pay should probably be about $5 more an hour then what we have currently. Even with full time, every single expense per month kind of pushes me to break even just barely and I'm actively trying to spend less.
@@onikwa aye. some people are working three jobs and struggling. When someone is working that hard then it not only is unfair, but it has larger social impacts on their children.
2:30... I wish that was true. They really need to start counting people that 'exited' the workforce out of exhaustion chasing an elusive goal. I've been out of a job nearly 3 years now, and sometime last year, I just gave up applying to jobs. It was becoming too stressful. Most never reach back, and the few that do is simply a rejection e-mail or voice mail of some kind. It's not that I don't want to work, but after 400 applications, I just don't see the point in trying anymore.
Interestingly, JD Vance of all people said that he thought Lina Khan did a great job. He got dragged in the media for that as you'd expect. This will not change anything but I figured I'd give everyone some hopium
@@bobthebuilder9509 JD Vance is a questionnable man, but as every human, one can be right and still being the worse. Good luck Americans, January won't miss.
I think JD is a decent man that is compromised by being in Trump's government. He's going to need some flexible values or be very good at shutting up to last these 4 years and still have a political career afterwards.
@@unchartedraider7547Trust me, I tried to stop the horror show that’s about to happen. But now even I won’t be able to fix the fallout most of America’s brought on itself.
Governments say employment is up. Today that just means gig work and low paying jobs are up, not actual careers. Most of the people I know my age have jobs not careers. I know 1 person my age age who has a career while I know a bunch of late 40s to elderly who have careers. They are the only ones who are not struggling.
you do really good work here, your scripts are well put together. The message is concise, and I appreciate that you give proper consideration to actually unpack the detail of macro trends
Still doesn't explain this election to me. I'm a regular person w/ a 9 to 5. I'm very worried about the economy, amongst other things. I didn't watch campaign commercials - I read policy & a wide variety of news articles & analysis & voted Dem because nothing Trump wants to do is supported by reason. Voting for "change" when that change isn't logical...
It's all pretty simple, really. People are struggling. Kamala says everything is fine and there is no struggle. Trump says people are struggling, and he's going to fix it. People don't look any further into what each side plans to do. They just vote for whoever isn't currently in office and ignoring their struggles. People are angry, and angry people tend to make knee-jerk, irrational decisions.
Imagine begging for more money from common people after losing the election to pay off $20m in debts from hiring Taylor swift. Now imagine doing that after getting $1.5B from the establishment and tell me again she was fit to fix the economy.
Remember: Our incoming "co-president" Elon said that we Americans will have to "suffer" financially for about 2 years. I'm guessing that means austerity measures are gonna be on the menu.
Well, have you seen you guy debt ? Doing anything else would just straight up destroy the country. And it’s not like most American aren’t already suffering from the dem results
If you happen to be old enough or studied history, you'd also remember that there was a mini-recession in 1981 after Reagan took over and started implementing his policies but by 1984, the country was humming along so well he won 49 states in his re-election campaign.
@Code7Unltd We were already going through austerity measures. Just means more of our lives will be privatized. Maybe they'll let Starbucks buy every library in the country or make it so you have to pay a toll to walk into a hospital
This is a great comment -- and somebody on TH-cam exposed a different way of polling voters prior to the election ||>> by using policy statements for people to decide on without knowing which party is behind it … upshot most people were bipartisan in agreement on what MAGA would consider “socialism”. People nowadays do need a more level playing field to succeed.
Yes. It's pretty obvious that people need and should want radical leftwing policies. But they keep voting for the opposite and shift further right on the spectrum year by year. I mean, They get what they are voting for. I don't know why they are suprpised. It's nice that they are pumping up my stock portfolio though.
There is a perfect example of socialism in America that many don't realize. The military. They have full healthcare, benefits, and educational coverage. Also if you look at the hierarchy it is also more merit based. Compared to a corporate structure, in the military those at the very top don't exponentially out earn those at the very bottom. The military has many socialist policies in place and not even the most right wing of Republicans will fuck with the US military.
There's an important difference between heavy regulation of a market economy baseline to correct the problems of a market like volatility of inelastic necessities and having a command economy baseline with practically impossible to solve incentive problems. "Classical" Socialism is the latter with an incredibly long history of everyone involved refusing to learn from the constant failures, "pure" Capitalism is deft at avoiding the former while demanding several wealth-concentration opportunities due to investment dynamics. The "socialist" policies that have a track record of actually working are the state being a capitalist actor in itself using the revenue from its business ventures in place of truly crippling taxes for welfare (Sovereign wealth funds like the Scandinavian states) and market economics driven bottom-up by the workers forming cooperatives rather than top-down by investors buying material to work with (market "socialism" like Slovenia). Neither remotely fits the incredibly vast majority of socialist theory nor "socialism" as an economic model of its own because both are still beholden to extremely devolved decision making by consumers paying with money.
If you have 10 people in a room and 9 of those people are unemployed and 1 of those people is the CEO of a fortune 500 company with an annual salary of $1,000,000 per year, the mean salary of people in that room is $100,000 per year but the median salary is 0. Further grim thought; 90% of the people in that room will be suffering horribly every day, and be degraded, while 10% live in luxury.
@@tornamacpilib5029 if you have a chance room with 1 healthy patients and 1 dying of kidney disease. Everyone has an average of one healthy kidney. This does not stop greedy people from refusing to share
and yet, people will not rebel. They will lie in complacent suffering as they, their loved ones, and those around them starve, stagnate, and die. There are more people holding cardboard signs in the street than ever before, but people seem to think it's fine. They didn't fight back against wall street. They didn't fight back for the health of the planet. They won't fight back now. People have been conditioned to think this sort of suffering is ok, and is normal. They don't want to disturb that normalcy with the discomfort that comes from confrontation.
Thanks for making a semi-political video that properly balances out the concerns of both parties. It is telling that the comments section is civil that you put a lot of time, effort, and thought into this video to find common ground. And this I applaud you for.
Scared people don't always make the best decisions. That's one big reason why so many political ads go on about "are you better off than you were", they want to ramp up that fear, uncertainty, and doubt (FUD). It's one of the main tricks of marketing and it's used everywhere. Whenever you see FUD being used hang on to your billfold and your liberties.
So stupid. "Hey, my house has leaks and the current admin my not patch them up, so I'm voting for the demented arsonists and their merry band of termites.
Ngl the Internet is such a powerful tool since it's our best way to make our voice heard off while taking action upon those greedy politicians who only care about their wealth. The only problem is, most of us are greedy too.
One way I put it is that while prices have stopped "spiking", they are still "spiked" - they're no longer "climbing", but they're still so high. People haven't been able to adjust to the new norm, so it's "bad".
It's easy for companies to increase their prices, so those can go up quickly in the event of any factors contributing to inflation. But every increase in wages must be hard-fought and reluctantly given, so it's a much slower process.
📃 9:00 CORRECTION: This is a bit irresponsible. Reducing budgets is NOT eliminating the public service. With respect, I think you dont understand what DEFUND the police initiative really was across the board... Officers dont need to be fired or even lose their hand guns tazers or cars. But they have massive expensive weapon stock piles and receive regular pressure to use them despite the fact that they call in swat and national guard at times when force is needed. I don't know any black Americans my age that don't know someone illegally killed or permanently maimed by police. The goal is not to get rid of police. Its to cut the frivolous spending that leads to escalation in violence. Cops dont need an armory like the national guard. The idea that that go in as soldiers with the MANTRA OF SELF DEFENSE despire them essentially invading in many cases leads to violence. If i have not misunderstood you, PLEASE PLEASE research this better to avoid the danger of misinformation. We already have propaganda.
Homie, your statement makes no sense to me. The military gear generally are not actually paid for by the local government that pays the police. Most of this gear is surplus military gear. Just look up the 1033 program, most of these “stockpiles” don’t come out of the police budget. So to “defund” the police we would actually have to cut people. We would need to fire police. So your statement is completely inaccurate propaganda. Also “i don’t know a single black person who doesn’t know some who has been illegally killed by police” well the stats say otherwise. Black people are actually the least likely to be shot by police going by the number of police incidents per capita. They just have an outsized number of police incidents, due to their own decisions and actions.
@@Nachtwandler100 Generally it was an incomplete idea that deserved criticism, but not complete dismissal unless you just don't believe ANY victims about abuse of power and funding . Ignore the social media and summaries from peers and read the actual proposed measures. Specifically in Georgia. Read what the ACTUAL plan was, not just how it was received by the public sector employees. Those of us who have suffered police violence threats and murders personally, follow the paper trails, bills legislation and proposals. No someone didn't just "lie" to me. Stop and Frisk, war on drugs and other prison industrial complex issues couldn't have been so successful if budgets were split among more varied resources, like DEFUND the police proposed. Problem was there were many conflicting proposals plus disinformation everywhere.
@@Nachtwandler100 You'll quickly find that they just want to make sure that the city has more emergency response options than just the police and shows of force. It acknowledges how hard it is to actually fire an officer and leverages that to propose that reduced budget would lead not to layoffs but to weapons and redistribution of personnel. More org and less militarism basically. Less officers on the ground does not mean firing them. It means calling backup doesn't end up in a 6 against 1 encounter. Instead they call other organizations to assist, including healthcare people, etc
I find it absolutely insane as a gen z that I listened to all these oldies got my degree, an internship, and 3 years of experience out of college but can’t even land a job as a server let alone anything related to my field that pays decent to just survive. All lies
That's bevause those boomers you listened too are afraid their advice might come back and bite them in the keister. They refuse to hire you because you're too qualified.
Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
If you're unsure about investing or need personalized guidance, consider consulting with a financial advisor or investment professional. They can provide tailored advice based on your individual needs and goals.
Politician incumbents: *Gaslight* Media: *Gaslight* People: "Why do I not have money then? Why are the only jobs that have the 'grace' to 'reduce themselves' to responding to your applications in the past 4 years are ones that say you don't have experience?" Media: *Gaslight* Politician: "You go, girl boss! You don't need a primary or any process that is democratic in anything but name!"
@@ngf5077That's right! They should get educated in something like... Hmmm, Pyrotechnic chemistry! That way, the cost of them being unemployed and radicalized is far higher than giving them a job!
Y'all's police actually help you? No wonder you don't want to cut their funding. My local police suck and buy sports cars for cruisers. I've been hit and run, robbed, and assaulted, and cops did nothing to help. What a privilege it must be to see the police as a service provided for you, and not as agents of a corrupt state.
I appreciate that you explained your background. I understand now why your channel feels so even-handed because you've been both working class and rich, so you've seen both sides. Robert Reich wrote a great blog post here on YT talking about the workers in the midwest and how presidential candidates on both sides keep ignoring their needs. I don’t follow Reich anymore but it was a powerful piece of writing.
I read an article about Robert Reich years ago, it was titled "Half-right Reich." He does a good job of diagnosing the problem, for instance wages are stagnating for workers, but his solutions are old-school socialist. One absurd contradiction is that he's pro union, but lobbied aggressively for NAFTA. So in the past he was better than most because he at least acknowledged there was a problem, but his solutions were awful.
@@bobbobertson7568Unions usually have opinions about non-organized labour. But I don't think it matters as much as you think if that unorganized labour is a Mexican seasonal worker or an Uber driver from Florida.
I always try to remind myself that of all generations ever, economically, we are still in thr top 10, easy. Still, the stark contrast between the last few generations and mine is hard to stomach.
So long as it is possible for individuals or private interest groups to infinitely grow in wealth and power, democracy will inevitably die. A wealth cap ratio is the only way to save democracy.
@@ngf5077 account made in 2022, you're either a bot or a child. Even if you're an adult, your moral compass is apparently shallow enough that "I don't want to share" is somehow a good and righteous reason for why millions of people should need to work 2-3 jobs just to barely survive, while a tiny number of people own 2-3 houses without needing to work a single day in their life. "I don't want to share" is a good enough reason why the bottom 50% of the population only owns 2.5% of the nation's personal wealth? That's not even including the wealth and assets of corporations. We work the factories, we farm the fields, we work in the hospitals, we build the homes and infrastructure, we do all the work, and they get all the rewards. The rich are stealing from us. They've gaslighted us into believing that the fruits of our labor rightfully belong to them. This is feudalism. We have been relegated as peasants, all the while being told that THIS IS freedom, and so there's no need for us to fight for our freedom.
This notion that prices must NEVER come down, and economic growth MUST always be infinite seem very short sighted. Some bubbles should be allowed to pop, and we should be better able to accommodate that.
The Police don't keep you safe. This is what regular people who live in dangerous neighborhoods tell me. And what I know from having lived in bad neighborhoods
Getting handed a sh*t sandwich and being told it's a BLT is frustrating. Calling the "manager" to fix the issue and having them show you a graph based on some funny numbers about how sh*t sandwiches are actually BLTs is beyond angering
We also need a broader conversation on why inflation is considered “normal” at 2-3% a year, while a crime caused by the current administration if it passes 10%. Government manipulation of green rectangles is stealing productivity from the bottom and moving it to the top, causing many of these problems.
It’s okay to be angry, but we’re moving into cynicism which is worse than being unaware of a problem. It’s knowing there’s a problem and still not caring if it gets worse.
Both Trump and Biden paid for their responses to the pandemic. Trump paid in 2020 because he didn't do enough to help the people when the pandemic started, and Biden/Kamala paid this year because he didn't help the people enough in the years after the pandemic. A lot of people are worse off than they were in 2019, so this should be a lesson to all politicians that if the people aren't doing well, they will blame whoever the current administration is, so do right by the people economically
All that "help" has been driving the inflation people want help with. Money printing/borrowing has consequences. The federal deficit is nearly two trillion dollars for this year. There's nothing sustainable about that. There's no room for "should have helped more". The federal government is just as broke as you think people are. It's not living paycheck to paycheck. It's living on credit. Americans need to get real about government spending. Adult conversations are long overdue.
@@BTrain-is8chSo...cuts to social security and/or military spending? Because if you're not inclined to allow either of those you're not going to be able to make up for that deficit with spending cuts. If every single civilian federal employee was laid off that would only account for 15 percent of the overall budget.
@@BTrain-is8ch And yet there's always room for tax cuts and subsidies for the wealthy under both sides of the aisle. Doing nothing is not sustainable. Sayings like everyone should just "pull themselves up by the bootstraps" is nice, but is unrealistic for Americans already struggling. Government CAN be a good tool for giving Americans a helping hand, but not in its current form where big money rules everything.
"its just yuppies and college kids who want to abolish the police!" or anyone who has dignity and doesn't want to end up like the thousands tortured and slain by cops at traffic stops
In a great generalization, there are really two classes Working class and stockholders The working class builds and runs the world, while the stockholders benefit off their backs, making often worse decisions for a company than the workers "in the field" who would often better know how to improve performance and work, increasing work/life balance But in order for that to happen, the stockholders would have to give up control, and their income. New idea, how about ubi funded from the "profits" and stockholders make less than the people who actually do something for the company
In America the only surprising part of this is that the average American seems to be getting upset that they are going backwards. Most Americans have been going nowhere since the 80s.
Out of all the hour long deep dives, debates and podcasts I've listened too over the last few months as to why every election this year has turned out the way it has, a goofy guy in california who I watch for basic economic explanations summarises and explains it better than all of them in 12 minuets. Bravo.
This video real did feel like it tried so hard to understand why people voted red without truly understanding it. None of this matters in the slightest. What matters is people want the quality of life to go up. Scream your biased numbers to the sky all you want but butter is 7 dollars and can barely be considered butter anymore.
About the rich kids, "never needing the police to be safe" no, there police were there to keep them safe, but those kids didn't see them, were kept from seeing them, or were the problem for the police and why they wanted them gone.
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People should be angry! Tax laws and policies favor Companies, and trickle down economics over people and families.
I'm generally in your camp when it comes to economics, but many of my friends are small business owners and have a different perspective of the democratic parties approach to economic regulations. So many regulations seem like the capricious whims of some bureaucratic elitists in the executive branch. Some of them even seem punitive against a class of people those bureaucrats don't like. Even well intentioned regulations seem to have unintended consequences that may be worse than the thing they're trying to fix.
And then other regulations, like many of those you mentioned here, seem essential for a healthy economy.
I've never liked the flat "regulate"/ "deregulate" narrative. I think a more mature discussion would weigh the balance between economic efficiency and non economic social values that affect different peoples, but we can't even get past the "does this work?" phase because of political spite.
I'm curious about what your take on JD Vance is. He seems heterodox compared to the usual republican "deregulate" approach.
At 9:35 you say 20% of white college grad liberals support reducing police budgets. but the text says that they favor this policy by 20% which would imply a 60-40 split. I’m assuming this is what you meant.
You might want to look into this product and whether you want to promote it. You haven't personally used it, despite what your copy says, or you would have known.
Politicians: "We created 1 million new jobs!"
People: "I know, I have three of them and I still can't pay rent!"
This is the best comment ☝🏻 - so many people have a main job plus two or more side gigs, just to get by.
Stop living above your means
I smell avocado toast and latte
Always ticks me off when Biden went around about record job numbers. No shit Sherlock, we just exited a Pandemic where few people were working. Of course the job numbers went up you tool. Those would be record job numbers no matter who was in office. So tired of the gaslighting
@@ngf5077 In this world, “living above your means” by your definition just means “lives on their own at 29”.
I’m 25. I live at home because I have no faith in moving out due to the fact rent renewals are in the order of several hundreds of dollars in annual rents when the time to re-sign the lease comes, so instead I just help my parents with the mortgage and funnel money into my business to grow it because I know my parents enough to know they will help us when they’re free of their mortgage. My older sister who’s 28 and does live on her own only does so because she rents a family friend’s old condo who has thankfully never raised her rent. She has coworkers in their young 30s who’ve had to move back with their parents. She has a coworker in their late 30s who have opened up their home to roommates to afford living. I have a coworker in their late 60s who had to come out of retirement last year because payments weren’t leaving them enough wiggle room for comfort due to medications costs and car payments after they were forced to upgrade by their old 1992 finally crapping the bed.
Sorry buddy but not everybody out here putting $200 bar tabs on credit just so that they can go out every week like you seem to think. It’s just that things are actually brutal, and the CEOs and politicians are committing financial g***cide against the middle class.
There is no need to be angry, AI generated buff guy voice in my youtube shorts told me if I wake up at 5 every morning and do push ups, I will also become a billionaire
Just stop being poor, buy their course on how to become wealthy by your 14th birthday for only $500 a month.
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It's true. That's how I became a billionaire. Just trust me bro.
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Instructions unclear, woke up at 5AM every night.
I’ll make this point every time, we need to stop basing how well a country is doing based on how well rich people are doing
GDP is the most misunderstoid and ovwrused jargon
We don’t.
@@brianbelgard5988 yes we do lmao
NEVER accept the average, always demand the MEDIAN from your corrupt politicians. If the MEDIAN number isn't positive, then its not the 'Bestest economy evar'
Im excited to hear Trump boast about the Dow hitting $50k and how great the economy is.
It's so frustrating becoming an adult during the "find out" era.
Done with "adulting"🤣🤣
And to add onto those difficulties, the era that 'fucked around' is gaslighting your efforts
Imagine doing that at 2008 crises😅 its non stop
@@johnstirling6597done with people that use words like adulting
@@ruirodrigues2938 Approximately every 10 years. DotCom bubble in ~90, don't remember ~98's crash, Housing bubble in ~08, covid in ~18, Not sure that's in ~28, but I'll wager my shares of amazon on it.
The fact that Kahn's achievements can't be celebrated by the politicians that support her tells you everything you need to know about how fucked it all is.
She didn’t do anything though. All her actions were blocked by courts. All she did was stop a couple of mergers and threaten google/microsoft which is symbolic because nothing ever happens.
We've been in a Plutocracy for a while, sadly. I don't know how to stop it.
@@raze2012_ Don't have kids. Overpopulation fuels exploitation, when the plutocrats run out of cheap laborers things will be forced to change.
How to combat inflation while minimizing harm to ordinary people: bust monopolies and tax the rich.
@@hypothalapotamus5293 Do that and the media will eat you alive, because it is owned by the rich. Hence those ordinary people will believe you're harming them big time.
We cannot win. The game's rigged beyond repair.
More and more people might face a tough time in retirement. Low-paying jobs, inflation, and high rents make it hard to save. Now, middle-class Americans find it tough to own a home too, leaving them without a place to retire.
The increasing prices have impacted my plan to retire at 62, work part-time, and save for the future. I'm concerned about whether those who navigated the 2008 financial crisis had an easier time than I am currently experiencing. The combination of stock market volatility and a decrease in income is causing anxiety about whether I'll have sufficient funds for retirement.
This is precisely why I like having a portfolio coach guide my day-to-day market decisions: with their extensive knowledge of going long and short at the same time, using risk for its asymmetrical upside and laying it off as a hedge against the inevitable downward turns, their skillset makes it nearly impossible for them to underperform. I've been utilizing a portfolio coach for more than two years, and I've made over $800,000.
@@PatrickLloyd- Could you kindly elaborate on the advisor's background and qualifications?
Sophie Lynn Carrabus is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
We really lucked out with Lina Khan. She knew she'd make enemies. She knew she would never be re-appointed. She didn't care - she did her job anyway.
Respect.
yeah. There probably won"t be another FTC Chair like her in a long time.
And Trump is gonna fire her so fast.
Lina Khan was the goat, now that Trump is elected she will probably lose her position and we will not have another hero like that for at least 4 years, she really was doing thankless work I hope her career doesn't end here
Hope the Democratic president that will be elected after Trump will hire her again
@@sohu86xVance like her but Trump won't listen to him, but to the tech heads who dislike her
Also the definition of employment includes being a driver for Uber or Deliveroo. If the definition of employment was “you have a job that allows you to afford to buy a home, a car and take a holiday each year” then I’d love to know where we are.
Over 60% of US households are living "paycheck to paycheck", and at least 50% of US households have an annual income of 50k or less
.... So liveable wages?
@@rampaginwalrus out of which like 30% live above their means because must consuum to fit in and show off
@@Steven-Tbarely
@@wajihbec1087 wait, I meant if the definition was shifted to "liveable wages" instead of "employed", it would paint a vastly different picture.
I am a landscaper in Maine. I mow the lawns of mega mansions and million dollar vacation homes nobody even visits once all year. The vast majority of the lawns I mow all summer are seen by nobody, because the owners never even visit once all season. These vacation homes are three times the size of most people's regular houses, and very very modern and expensive. Cobblestone walkways, in ground pools, in ground hot tubs, tennis courts, gargantuan luxury style fire pits, bus-sized brand new RVs that never even move, lines of 4 wheelers and dirt bikes, classic cars, you name it, they got it, and they don't even live there, these are secondary fun-houses to them. These vacation homes would blow your mind and 1000 new ones pop up every single year here.
I make 20 dollars an hour.
It is time for fire and pitchforks.
I'll bring the beer 🍻
You think thats bad, In the UK theres i did some work for the mega rich as a ----. (cant say more)
But entire villages of mansions are hidden in the most remote areas you can think of where billionaires spend 8 days for a year for a limited sports events (you can guess the name).
These mansions, are massive like you said there's heated pools, gold beds, all year round heating, silk everywhere, cinemas in every house, just everything. Makes the royal palace look like shit, because honestly its really tastefully done and looks incredible. I lost that job because my boss didn't like me not putting in the extra hours and effort after seeing that, what's the point money takes money and there was more money in the items i was working on that id ever earnt combined. Last straw is when my boss/company owner failed a contract because the uber rich don't care about cost only quality so if your boss makes a mistake about the quality of a job it always lands on the lowest rung.
My fav story ive come across from one of my older co-workers about a job i was working on. One billionaire bought a street of new build mansions demolished them all (but 1) in london (some of the most expensive land in the world) and built his own estate on it. Its huge his front gardin is larger than everywhere ive ever lived, worked and learnt combined. That last mansion he didnt demo? he turned into a house for his fucking dog. His kids had a tree house larger than my actual house with everything a kid would ever want including a deathside into a heated pool. That mansion had a underground bunker for his classic cars the size of a stadium i would have put money on it being a ICBM silo but it wasn't as the owner was besties with a Russian billionaire. It was the guys main house as there was family photos and the like so it was lived in alot.
Meanwhile i was expected to do 14-16hr days on £10 an hour to stare at that house, with a boss that did nothing but complain at how much i cost... yeah time to change.
I get that there are nice people at the top, most just don't understand how rich they are and how little everyone else have while the rest do understand it but have no desire to change that.
I was in Paris recently and noticed how dark the city is at night. I’d say maybe only 10% of apartment lights were on in the evening the entire time we were there.
Oh no, someone has more than you. How terrible!
I cut no ones grass but my OWN . I work for NO one but myself !!!!!
It really angers me that "can't find work" for too long = not "unemployed", but rather "not working" by modern standards. They are padding their stats so hard.
truth! it's all about the fake/old/manipulated KPIs the government uses. companies change the KPIs they manage to/focus-on, why can't our government do this as well? also, the unemployment rate should never be shown/charted without including the labor participation rate (example). LOL
Those stats exist. They haven't used that measure for 30 years tho bc it made them look bad. We use U3. But we used to use U5 or U6, which includes ppl looking for work. Those numbers are shocking, and you see why they switched.
I get the assertion, but you are considered unemployed as long as you're actively searching for a job. You drop out of the employment pool only after a period of no employment or attempts to become employed. It's a difficult line to draw, because we know a lot of young men especially are falling out of the labor force because they're discouraged by abysmal job availability, but if you always measure using the entire population then you run into crowds like full-time parents and retirees. The data isn't necessarily supposed to be a perfect picture at any point in time, but it's as accurate as we can get and movements in the data can still tell us a lot.
@@det_tf2 the line is 6mo. Fyi. If you tried to find work in the last month. Otherwise you're "discouraged"
@@morganseppy5180 a tale as old as time. The numbers look bad? Why don't we make them better.
"nah, let's redefine the numbers"
This is the issue with an incredibly unequal society; there is no longer any relationship between macroeconomic success and the success of the voting population. So basically it doesn't matter how well 'the economy' is doing if ordinary people aren't getting the benefit.
Time to raise income and long term capital gains tax for people who make over $500k a year and then dole it out as some form of UBI.
Then people would care more.
No one supports that. When democrats are in control they never raise taxes. Obama promised and then got into office and extended the bush tax cuts! Biden didn’t reverse the Trump tax cuts.
Democrats will never raise taxes on their donors. Kamala didn’t raise $1 billion through 100 million $10 donations!
@@hypothalapotamus5293 time to stop spending on nation building and start looking inwards
@@vinayakh7940You do realize that even that wouldn't be enough, right?
@@JJ_jetplanewe don’t need to be perfectly equal. We just need every working adult to be able to afford stuff.
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
Since the debt crisis could unleash carnage on the stock market leading to economic downturns. We need to be prepared for potential market volatility. how can I secure my $600K stock portfolio against declining?
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a coach or other professional for advice.
I talk a lot about how important it is to have an advisor.This kept me afloat and increased my $450,000 portfolio by 48% in just 4 months.They have strategies that are tailored to your long-term goals and your desired financial situation.
Mind if I ask you to recommend how to reach this particular coach you using their service?
Annette Christine Conte is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
This feels like a direct response on the most recent Patrick Boyle video about how everyone is doing better but people are just too dumb to see it and just complain due to nostalgia
Good job once again mr. how money works on showing the actual bad reality people actually live in
People are in a bad place because of the decisions they make. I’ll die on that hill…we’re making more money than we did 5 years ago but somehow is much broker. People are keeping up with the Joneses and complain about the price of a can of tuna but if you see their instagram you’d believe otherwise.
I'm glad I'm not the only one who thought that. I was a little surprised he put that vid out. He was definitely saying we're not smart enough to understand that not we're not broke😂
The shade
I too felt the rage creep in as he told me everything is fine and I am dumb. Everything is not fine.
people have higher wages than ever now. Home prices and rent in certain areas are too expensive, but everything else is close to pre-pandemic cost
Washington thinks that someone with a Master's degree wants to work overnights building a highway. If that's not out of touch, I don't know what is.
But have you considered learning to code?
@@HowMoneyWorks By the time we learn how to code, AI will be much better at it than humans
Imagine having a credential so worthless as to have no real employment prospects and not understanding that beggars don't get to be choosers.
@@rampaginwalrus - Been trying for 10 years.
Pretty sure Im just an idiot and lucky to be able to read.
The degree is mostly useless. The market and government simply does not care about your credentials. You should have invested the money spent on the degree.
Reminds me of a story I heard about reporters asking Black people about the start of the Great Depression, and Black folks replying, "Started? We didn't know it ever ended."
When you're constantly underwater, you don't know or care about the weather on the surface.
So the victim mentality was already there all along? Damn
@@brunoverasferreira6263 that happens when you can't use white bathrooms or water fountains
Be more interesting than a racist troll.@@brunoverasferreira6263
@@brunoverasferreira6263low quality bait
@@brunoverasferreira6263 They couldn't even vote, or have you never opened a history book?
Personally i just dropped off the rat race. Spent 5 years doing extra classes or juggling 2 jobs or accepting really highly stressful jobs, doing a ton of overtime and i pass and i basically got nothing to show for it today. I almost ended myself last year after being laid off. Now i'm back being ok but i just work as a custodian, do my 40 hours then go back home taking care of my dog and playing video games. Got rid of the car and a bunch of other stuff to reduce my expenses as much as i could to not feel pressured about money. I tried to become middle-class but the middle-class doesn't want people to join it. So screw it.
Lmao you have a house, a pet, and owned a car. You definitely were middle class and just didn't realize it. But I'm glad you found what makes you happy. We're all gonna die in the end so just enjoy it
Really? I got high blood pressure from all of that hustle.
@@mustang8206they were probably middle class before they got laid off and then the lifestyle just got unsustainable with their lessened income
@@jonathanabgrall6075 with your description on how your life is, I see that as middle class, we still work, but when we home we have our dog or family and get to relax with TV or whatever entertainment. The idea to join the upper middle class is something people forget that was the “American Dream” that is dying. But stranger I am proud of your strength, and hope you can join the tribe off car, house, and vacation soon!
Glad you’re doing better!
Lina Kahn has been a blessing. Since I keep up with what she’s been doing, I didn’t even notice her wins weren’t being praised by the democratic side. That’s absolutely vile. They deserved the L just for that, but also now I’m mad that the majority of people that do not keep up as much I do will never know the good that Lina did for us. Ridiculous
That was the only branch of the executive doing an undeniable good job, but the billionaire donors weren't too happy about it.
They also massively got illegal immigration under control towards the end of the term. Democrats this election hardly talked about the massive benefits they brought to the country.
The majority of people do not keep up as much as you do on ANYTHING. For work reasons, I've spent the last couple of years immersing myself in topics such as disinformation warfare, and the gullibility of the average human being keeps threatening to put me into a depression coma. Critical thinking is both one of the most important skills on Earth, and one of the rarest.
And most people will just assume what she is doing is bad because of the term "regulation" which makes most Americans froth at the mouth.
democrats are just as captured by big money interests. even Kamala woulve fired her based on her donors comments
Older gens telling you that you are lazy while at 25yo, they could afford a house, 3 kids and marriage on a single income. 👍🏻
You are lazy, you are here on TH-cam complaining instead of working.
Marriage actually correlates with higher wealth, so it should not be listed as something you can afford but as an investment.
@@TacoTuesday4 You work 24 hours a day? Did you work 24 hours a day? I got news for you. If people had to spend every moment of their lives working, they'd be dead in days. Either because forcing that will introduce them to health complication or because they will introduce a bullet to their brain. Your expectation is not realistic. Not even ancient hunter gatherers worked themselves all day every day, they gave themselves plenty of time "off".
@@moshewise7302 please use logic
Laziness and stupidity is def part of it chief.
One of my favourite political commentarors basically brought up how on paper the U.S economy is doing better than ever and there actually isn't an issue. Problem is, just because it's doing better for megacorps and investors doesn't mean it trickles down to average people.
Exactly, the myth of trickle down economics
It doesn’t trickle down, the top just expands indefinitely
Patrick Boyle?
@arbaz79 He said favorite political commentator, not his favorite Rapper
Yes. The stock market ≠ good indicator for the average person.
Get ready for it to trickle down even less and stay firmly at the top now that a criminal billionaire is going back in office.
2 days ago i want to the third round of interviews for an entry level job.
The ammount of things the interviewer told me that the position needs to do was just nuts with the added "There will be days where you will need to stay more time" i didn't even complaint because i had been unemployed for 5 months and I'm getting tired.
Yet i need to be somehow thankful.
human ressources are often the uneeded jobs, but, as they are the ones hiring, they are the best at justifying their existence
@@olivierdomingue6312HR and recruiters are getting cut the most. Hiring is being put on top of ordinary workers again, as an extra you need to do.
I've never used 60% of the knowledge required for my job position. I've also seen unqualified people with fake jobs that have special networking situation
I hear ya. I was just turned down a second time for a case worker job I'm fully qualified for working with homeless people ironically helping to ensure I become homeless in about a month.
@@olivierdomingue6312 I work in HR and completely agree. There's a whole lotta nothing going on. A bunch of people creating reports to reply to auditors and regulators, while they circulate feel good announcements about opportunities to volunteer for non-profits.
As the primary bartender of a little local bar/brewery in a middle class neighborhood, you don't need a degree in finance to see how bad things are. From sad strained tone of what people talk about, their plans for the future(or lack there of), or things as grim as the many former regulars I haven't seen once in the months/year since the day they came in to "celebrate" getting laid off.
I've always identified as an Optimistic Realist: the glass isn't half full or half empty; there's just room for more. Even I don't remember what hope feels like.
The only reality we have left is that there isn't a future which is both freeing, because our expectations are gone, and terrifying because we understand that, that nothingness we feel isn't depression but life.
@@jayzee4097Frankly, that emptiness is depression. Please talk about your feelings with someone you care deeply for. Even if nothing changes, talking helps.
Really? Those deadbeats who go to your bar could be doing something more productive. Typical of whiners.
@@Graemyr The point of my comment is that depression and the dark cloud hanging over many of us is structural, not personal, so it's not a thing that we can fix until we accept the material conditions of our society instead of blaming ourselves for not seeing a future. And, I'm hopeful that the newness of the social science behind the idea above will enter the mainstream enough for all of us to talk about, but I think that I'll chill until then.
You have hit the nail on the head. People don't acknowledge there is a problem. Both politicians and the media. It leaves the majority of the working class entirely frustrated and hopefully something is done about this soon.
I doubt it.
Pretty sure Trump has acknowledged it many times. It will take a while to clean up Democrats mess. But not too long I think.
@@thebes118 Trump? Cleaning up? The billionaire that is about to stuff every american institution full of unqualified buffoons? Yep, I'm sure he's not just interested in not going to prison and enriching himself. I really hope you're trolling, otherwise the american people are even dumber than I imagined and we already look down pretty far on you guys.
@@thebes118Trump wants to cut spending on social programs and cut taxes for the rich. That will help the working class. Ah yes, then we have those tarrifs.
@@thebes118
Yeah he probably addressed very few issues but that itself was enough for him to get an overwhelming majority vote. Shows how desperate people are to get a resolution.
USPS letter carriers have not had a raise in 2 years! Now they're offering US 1.3%, yes we are angry
You can thank DeJoy and his corruption for that. With Trump in, USPS workers may never get that raise.
Ive not had a raise in 4 years while prices go up for everything. Im amgry too. Worse yet, if i did get offered a raise, its barely going to be .2% despite being in a position that was supposed to be salaried. Im already getting paid only 55-60% of whats listed on glassdoor. Still gotta vote for the side more likely to help overall.
@@watamatafoyuOr privatization.
The post office make it hard to do business with them. A local church quit sending out their monthly newsletter and now email it because the minister took the mailing to the post office and it took him over an hour to get it mailed. A check mailed locally to me took five weeks to be delivered. That customer now has me set up ACH no check will be mailed and I can send them the invoice electronically. Another check was returned to the sender even though it was properly addressed to my business in my home.
An out of touch streamer just recently claimed that mailmen are paid 2000 dollars per DAY.
We support Khan 🙌 Not Corporate America
ghengis?
Kahn Academy?
All of the above?
yes, we need a strong Indian woman to reel in all of the Indian men in charge of corporations 😂
"We" is an insufficient number, according to the last election.
“Employment is up” is the biggest lie. I witnessed tons of layoffs. I was the one who had to disable their user accounts. I knew who and when they were being let go.
In my (similar) experience, the outsourcing ramped up and work efficiency drastically went down or stopped.
It's hard undeniable data. Vibes != Reality.
Employment is at an all time high, absolute and relatively. Also median wages are at an all-time high.
There's something called the TRU True Rate of Unemployment that accounts for things like part-time work, or people who aren't making a livable wage. It puts the number of unemployed at around 20 percent, though it's different for different areas. One place had a TRU of 60 percent.
Part time, gig economy, temp, seasonal, limited duration to prevent unionizing/benefits all look great in colorful charts/graphs 📈
Add onto that many places keep their hiring signs and open positions up even when they're staffed. Temp agencies are on the rise so technically there are jobs, but once you apply and get accepted you're basically on a wait list. They leave candidates hanging to dry in case someone doesn't work out they can just pull names from the pipeline..
I knew someone who was a recruiter and I asked him how many of these positions were actually vacant and he said next to none, "they" just tell us to keep the listing's up. That's why it feels like you apply for a thousand jobs and only 10 get back to you, and only 1 accepts you.
Jobs are up, but it's inflated artificially.
This is what class warfare looks like. We live in a corrupt oligarchy. We need ranked-choice voting, ballot access, and more parties.
Heh no, we haven’t even begun class warfare yet. We’re still just reminding people how badly they’re getting snookered unless they’re so wealthy that they’d only have to work again if the stock market literally went to zero.
This last election, ranked choice voting was outlawed in 17 states. Every single one of them Red. Giving voters choice does not favor incumbent parties, so it will never be fixed until the systems shatters.
@@invalidusername9999 That's the tell. We have to keep trying. Let's hope you're wrong on the system shattering -they've set up an enormous police state for a reason.
People with 2 kidneys are greedy. They actively choose to let people die every day
@@invalidusername9999 and every single place without voter ID overwhelming voted blue. Talk about corruption at it's utmost
The most depressing thing is that I cannot imagine any endgame to this. No breaking point, no paradigm shift, no downfall in sight, no vision of things ever improving in any area. It feels like things will gradually keep getting worse seemingly infinitely.
AI is going to make things interesting.
Congratulations! You have basic pattern recognition. Shit's been getting worse for longer than I've been alive and has all the signs of speeding up.
El único punto de inflexión es la destrucción del sistema monetario por su propio peso, cuando el dinero se halla imprimido tanto y la confianza en este se pierda lo suficiente para guardar en otra moneda entonces podemos hablar de un reset, pero sería horrible la transición para los más vulnerables a corto plazo.
Nothing new, history has been repeating itself. WWII was the last bottoming out before good times come back after. We're on the decline again until things get equally as bad, because the majority of people don't retaliate in big enough numbers to prevent living standards dropping. It won't again be until there's another world war or other drastic event that has enough people homeless and dying on the streets to actually band together to overthrow the suppressors. Enjoy things while they're still relatively good, I don't think the 21st century is going to escape the repeat.
It will until it implodes... This behavior pattern is cyclical sadly
I’m just frustrated as a college student about to graduate literally in 3 weeks. I have been told at a young age that getting a degree will help me for my future. But my field is so saturated (CS major), I am tired of spending hours of my time doing OAs to get an automated rejection. At this point I need a job to survive after a new grad but my parents are so upset that I cannot find a job for something I studied 5 years in…. How the heck can someone get a well paying job in a other field but job requirements are so strict and dumb
Technology has always been bad about pigeon-holing applicants and demanding a precise match. I encountered the same in the late 1990s. Companies are unwilling to believe that "a coder" can jump into a different language or platform.
@@Avo7bProjectit's more so that companies can be picky and choose the candidate that won't need a few weeks to learn the required language or framework when they can just hire somebody else that won't need that ramp up time
Better get away from your parents, they will make everything worse by pressuring you into doing things that make them proud but keep you poor with limited options
I feel your frustration, I got multiple certs yet every it job Ive applied to in last 4 months, only 2 of them gave responses, which were not selected. I think its the mentality of businesses leaving hooks out and seeing if what bites is an industry veteran and matches with "on paper" expectations.
Oh I just graduated CS too, I feel your pain. Worst time to graduate CS since 2008 or the NASDAQ burst of the early 2000s, but at least prices went down then, now they're going up.
Politicians: Inflation is down!
The people: but prices are still up!
Politicians: We created 1 million new jobs!
People: Then why can't I find one that pays me enough to live and is full time?
Politicians: We have the fastest growing economy in the G7!
People: When why do I have less money than I did in 2019 while working two jobs?
Offering $5/a day to pick up dog poop counts as creating a job. They never say anything about the quality of the jobs. Unemployment can be down bc everyone is working multiple jobs to make ends meet
Politicians? Who’s in office right now? Lmao, when democrats are in office and things are bad it’s politicians. When republicans are in office and things are bad people make sure to specify. 😂🤡
Deflation is devastating to businesses (check how China is doing). I have no idea what people expect.
Politicians: "We created 1 million new jobs!"
People: "I know, I have three of them and I still can't pay rent!"
Trust me when I say, y'all do not want deflation.
Saying the stock market is at all time highs is the same thing as saying "rich peoples' bank accounts have more money in them than ever!". This doesn't help the working poor and the middle class at all.
Anyone who has a pension pot (which I would hope includes 100% of the middle class, and a decent percentage of the working class) is invested in the stock market
@@Ellie-rx3jtThe top 1% own over 50% of the stock market. The top 10% own over 90% of the stock market. Your 401k ain't shit compared to 40.01T.
@@Ellie-rx3jt You would hope, but that's not the reality.
@@Ellie-rx3jt More like a wish than a hope.
One easy thing : Stop thinking that the wealth of the rich (GDP (per capita or not), Growth, stock market and all usual indicator) is the wealth of the nation.
That’s the hardest thing in the world. The winners in the current system WANT you to only be aware of those indicators because those are the ones that benefit them. Reporting on the number of people who live paycheck-to-paycheck would be much more useful for understanding the median American, but would also expose how poorly the economy is doing to enable the wellbeing of non-hypereducated workers.
truth! it's all about the fake/old/manipulated KPIs the government uses. companies change the KPIs they manage to/focus-on, why can't our government do this as well? also, the unemployment rate should never be shown/charted without including the labor participation rate (example). LOL
Use mean mesures instead of average, and watch the lies crumble...
@@stitch77100 it’s median there bucko, but you’re deffo right. Another thing is to report on buying power (relative to some standard value such as the median buying power in 1978, when real wages basically stopped increasing) rather than dollars earned.
Some people simply refuse to understand that if you get a raise but inflation goes up more than your raise did, then you lost purchasing power even though you gained dollars.
Moneys George, who earns millions of dollars annually, is an outlier and should not be considered for the data
Don't forget that part-time workers who want full-time work aren't counted as "unemployed"
So in this gig economy: unemployment is low but full-time employment isn't the answer to why unemployment is low.
This happened in the last century with gig work undercutting wages. PArt of what made the roaring 20's and depression so bad
No matter what the "talking heads" in the media claim, every time I go grocery shopping the reality sets it
oh come on guys just take one of the millions of new jobs that are either fake numbers reported by corporations for tax reasons OR just straight up worse paying jobs than anything you've had previously what's the big deal?
That’s the funniest part. If you do find a job posting or get contacted about an open job, the pay is the same or worse than what you were making 5-7 years ago. These companies are clowns 🤡
90%+ of them didn't even go to citizens, IIRC.
@@blahblahblah-uw4ufI got a posting yesterday for mechanical technician II which paid $21 dollars/hr. The regular assemblers at our company make that starting out why would an experienced and trained tech be willing to take that pay? Stupid.
@@andrewpolito9244 Exactly. Why would someone with 5-10 years of experience be interested in a job that pays the same as an entry level person with zero experience. Make it make sense.
thank you, for making this. I'm tired of being gas lit how bout how great things are when I work 40 hours a week and can't afford and see no upward mobility at this point in my life
try working 50-70 hour weeks and hardly making enough to provide for your family. God I wish I could get away with 40 hour weeks.
You are paid what you are worth. Finding out what you are worth isn’t always fun
LOL a whole 40 hours a week. Unbelievable.
@@ngf5077 This just isn't true, and I'm far right in my political beliefs. A lot of people in this country are VASTLY over paid, and by inflation that makes people who really deserve what they work for underpaid.
@@Justin73791 deserve? Negotiate higher compensation. If you are worth it then you will be paid it.
If someone is overpaid then provide their service for cheaper.
for years, the attitude in business/politics has been "let them eat cake"
@@GoregeusGoblin serfs don’t matter lol
Time for us to have the same attitude towards them as the people had towards the hag who once allegedly said that (Marrie Antoinette).
Like a Japanese Sushi Chef I say! chop chop chop!
In the Animal Farm the goverment kept saying the stats are up this and that percent, but the peope didn't feel it. That is what is happening now. The gov keep spitting good stats but the people feels thing are getting worse and worse.
mergers & acquisitions are a symptom of small businesses being destroyed. Merely restricting them won't do jack squat. Allowing small firms to compete is the remedy. And making it easier to be self employed will do a lot to alleviate the employment problems. If self employment is a more viable option for employees, then employers are competing against self employment opportunities and not only with other big employers, with whom they can collude.
Yeah. The regulatory burden for small businesses is insane. My last employer owned a convenience store. They wanted to start selling warm biscuits. They already sold warm hot dogs. It took them a year to get the license approved. Not because the state said they were doing anything wrong. That's just how long it took for the paperwork to get processed.
I know another guy who opened a coffee shop/café. He got all his paperwork in and months later they still haven't approved him to sell most of the menu items he wanted to offer.
It's ridiculous.
"Private Equity" is the death knell of a business. It means stripping out what can be sold, and bankrupt what remains.
The problem with competition is that eventually someone wins. And then what do you do when they start buying up or choking out the competition?
To some extent the self-employment movement has been underway for at least the last ten years. It HAS been having SOME SMALL effect on wages, based on my research (or at least, based on published research I've been reading).
@@Pacemaker_fgc If I could like this one a million times, I would. Yes. No matter what rules there are, they favor someone over someone else, and some group eventually does better than the other people. Simulations have shown that even if monetary success was entirely RANDOM, whoever wins in the first round does better than whoever loses in the first round by the time several rounds have gone by, thanks to compound interest and investment returns. (Assuming at least some of the winners of the random success distribution make sensible investments with their money... which means the smart and disciplined people win out even in a world where success is completely random.)
"Here in california cities are spending billions of dollars to address homelessness". There is so much wrong in this sentence. JUST BUILD FUCKING HOUSING.
Unfortunately it goes directly against the will of the voters... who are invariably older homeowners who specifically benefit from limited housing supply. It's literally a political cartel situation because the constituency is made up of landed incumbents and not potential new taxpaying residents.
That's not how that works. Cursing like an ignorant little vagrant won't change reality.
3:26 did he really just say "thrown their regulatory dick around"?
clearly talking about former competition director Richard A. Feinstein
lol wtf 😂
@@HowMoneyWorks ahhh.. that makes sense
These days, it's all about the size of your putter, evidently. 🤣
Quality. @@HowMoneyWorks
anecdote time: after getting laid off in '22, going through a career change to dev work, which then followed the tech downturn and layoffs and its been a fucking fight to get an underpaid job just to start getting experience since im now competing with thousands of laid off experienced, highly skilled workers.
yet all year i heard how great the economy was and how many jobs were being created. the more i saw this bullshit the angrier i got through the year because i just kept questioning who is it good FOR!? this shits real man and the anger creeps up on you before you know it in just the right circumstances
Well that’s on you for falling for the tech bro bullshit.
I’ve seen so many of your type in the industry, and you can’t just expect that in a few months you are going to get anywhere close to people that started in this industry. I’m tired of having incompetent coworkers because they taught that tech was easy money.
@ lol dude shut the actual fuck up. I did programming in college for new media art with a focus on design instead of computer science. It’s not my first time coding I just didn’t look into as a career. Go clutch your pearls somewhere else you snob asshole
@@andyvirus2300 my last comment got deleted so i wanted to make sure i said this in a nicer way this time. you have no idea who i am or what my life experiences are at all, and for you to make that leap about me says alot more about you than me as a person and how you treat others.
i went to school for new media art, where i had to learn the basics of coding, but my degree focused on design, not computer science. This is absolutely not my first time coding, but i decided to take my previous skills and leverage that into a new career, which i was able to do. so again go clutch your pearls somewhere else, and i pity the people that are forced to work with you, knowing you clearly wouldnt have any interest in helping someone grow or become better
@@andyvirus2300 Tech is easy money... Just not for anyone outside of India (or unwilling to con geriatrics).
@@andyvirus2300I’ve been doing it since I was 15, and still having issues even getting internships 4 years later almost done my bachelors in software engineering.
I have VR game mod (bug fix) , full stack website (that is actually useful, uses an algorithm to reccomend you the best cards for your credit profile and spending habits, im using it myself), and automating some spreadsheet processes in excel.
I also do have previous work experience but that’s only from part time retail, I have personal experience working on electronics, bikes, and cars as well, still no dice on these jobs.
Every 100 applications, I’ve only gotten 2 beyond the rejections/ghostings, and one of those was a scam.
The big problem with fixing this is Americans are leveraged to the gills, with estimates that the average consumer had already used 80% of their available credit back in the summer just to keep up with runaway inflation. We see also car loan delinquencies along with credit cards are at decade highs as people struggle to make payments. So now consumers are having to cut back, purchasing only necessities, making only minimum payments, and so on. This means business revenues and profits are declining as the average American no longer has available credit to continue purchasing like they have for the past few years; and that means layoffs, hiring freezes and/or reduced hours, further hurting incomes and earnings, and driving up loan delinquencies in a vicious spiral.
Most people don't really need cars in the first place. We can complain about the economy 'till the cows come home, but let's not pretend the average American is making wise financial decisions.
@@loneIyboy15 You've obviously never lived in America if you think a car is not an absolute necessity with how transport works here. Plus if Americans stopped buying cars the economies of Germany and Japan would implode and take Europe and Asia with them. Economic prosperity requires both the production AND consumption of goods and services. You can make whatever you want but if no one buys it you'll go broke real quick.
@@loneIyboy15 You can't even hold down a job in 90% of the country without a car. Hell, most companies won't even hire you if you don't have reliable personal transportation.
@@MadFlumph Velomobiles exist. Every time I bring one up, I hear every excuse under the sun why eliminating car expenses is "impossible".
@@loneIyboy15 Your solution to American car dependency is the velomobile? Do us all a favor and never run for public office.
this is what happens when you have scholars and politicians obsessing over numbers and spread sheets. you can cook numbers to look great meanwhile everything is falling apart.
9:26 As a poor, I can tell you that involving police does nothing at best or they just make the situation worse for us. Most police dont do anything, detectives or federal agencies handle serious crimes and minor crimes are never solved.
Employment is up! Instead of working one job for 100k, now I can work THREE jobs for 25k each!
I know people who have THREE jobs and cannot support their family. I'm so glad I can live at home while going to a good college
It's a top down economy. Stock market & those at the top are doing great.
If you Middle or lower class then your still getting COVID pricing, paying more for less.
Get ready for it to be worst. Once the last bit of consumer protection & regulation is stripped away your going to be paying top dollar for garbage & terrible service.
Yes even worst than what we have now.
When the “goal” of democracy is “make as much money” then the eventual end goal is to maximise prices whilst minimise salaries
Warren Buffett sold stocks of second largest bank in the world. Economy would be in trouble in the future like we never saw in our life time
@@typemasters2871Not the goal of democracy but the goal of capitalism and conservatives who don't care about you. Conservatives basically don't have eyes or ears and have hallucinations instead. Why support the guy who wants to make children work?
"We created 500,000 jobs"
Cool I have 3 of them and still can't pay my rent
I have zero jobs and nobody is hiring
Mom said it was my turn to make this comment
Those jobs are lies.
Employment statistics are always terrible in politics. They have no connection to the people.
Just because unemployment is less, does not make Joe Bloggs happy about a 9-5 job which pays below minimum wage which and only just pays their rent.
Not to mention most of those jobs probably aren't even a 9-5, like pretty much all customer service and retail jobs have a very small amount of full time positions, everything else could be a 20 hour work week, hell I've had retail shifts of 4 hours every day it's terrible and pays nothing but it still counts as employment!
@@onikwa Yeah, 20 hours a week just isn't enough time for the cost of living and when you are working 2 or more jobs you have the extra fun part of wasting about 10 to 20 minutes every week with your managers at those jobs to negotiate times in which you can work because they overlap with another job even though I made it clear on my availability I was not available during those times. I'm thankfully full time now but I do not want to go back to that. I still think the average pay should probably be about $5 more an hour then what we have currently. Even with full time, every single expense per month kind of pushes me to break even just barely and I'm actively trying to spend less.
@@onikwa aye. some people are working three jobs and struggling. When someone is working that hard then it not only is unfair, but it has larger social impacts on their children.
2:30... I wish that was true. They really need to start counting people that 'exited' the workforce out of exhaustion chasing an elusive goal. I've been out of a job nearly 3 years now, and sometime last year, I just gave up applying to jobs. It was becoming too stressful. Most never reach back, and the few that do is simply a rejection e-mail or voice mail of some kind. It's not that I don't want to work, but after 400 applications, I just don't see the point in trying anymore.
How are you surviving? I hit my year mark and I’m struggling not to end it all entirely.
Interestingly, JD Vance of all people said that he thought Lina Khan did a great job. He got dragged in the media for that as you'd expect. This will not change anything but I figured I'd give everyone some hopium
A broken clock is right twice a day. And besides, you think he’s gonna stop the orangutan from tossing Lina out for monetary gain? Nah.
@@bobthebuilder9509 JD Vance is a questionnable man, but as every human, one can be right and still being the worse. Good luck Americans, January won't miss.
I think JD is a decent man that is compromised by being in Trump's government. He's going to need some flexible values or be very good at shutting up to last these 4 years and still have a political career afterwards.
@@unchartedraider7547Trust me, I tried to stop the horror show that’s about to happen. But now even I won’t be able to fix the fallout most of America’s brought on itself.
@@unchartedraider7547your optimism proves singlehandedly you are not American.
Governments say employment is up. Today that just means gig work and low paying jobs are up, not actual careers. Most of the people I know my age have jobs not careers. I know 1 person my age age who has a career while I know a bunch of late 40s to elderly who have careers. They are the only ones who are not struggling.
Shout out to the editor's resume on the right hand screen at 0:21
Legend.
you do really good work here, your scripts are well put together. The message is concise, and I appreciate that you give proper consideration to actually unpack the detail of macro trends
hanks for the kind words :D
@@HowMoneyWorks who is hank and why are you offering him for some kind words
The economy is fine…..if you’ve been rich for decades
Still doesn't explain this election to me. I'm a regular person w/ a 9 to 5. I'm very worried about the economy, amongst other things. I didn't watch campaign commercials - I read policy & a wide variety of news articles & analysis & voted Dem because nothing Trump wants to do is supported by reason. Voting for "change" when that change isn't logical...
It's all pretty simple, really. People are struggling. Kamala says everything is fine and there is no struggle. Trump says people are struggling, and he's going to fix it. People don't look any further into what each side plans to do. They just vote for whoever isn't currently in office and ignoring their struggles. People are angry, and angry people tend to make knee-jerk, irrational decisions.
Republicans realized people predominantly vote by emotions, not logic.
We always get change. Pennies on the dollar.
Imagine begging for more money from common people after losing the election to pay off $20m in debts from hiring Taylor swift. Now imagine doing that after getting $1.5B from the establishment and tell me again she was fit to fix the economy.
Remember: Our incoming "co-president" Elon said that we Americans will have to "suffer" financially for about 2 years. I'm guessing that means austerity measures are gonna be on the menu.
Well, have you seen you guy debt ?
Doing anything else would just straight up destroy the country. And it’s not like most American aren’t already suffering from the dem results
If you happen to be old enough or studied history, you'd also remember that there was a mini-recession in 1981 after Reagan took over and started implementing his policies but by 1984, the country was humming along so well he won 49 states in his re-election campaign.
Well, you had 5 min pleasure and a 40 year jail time as a result.
>austerity measures are gonna be on the menu
So, the United States is nu-Greece?
@Code7Unltd We were already going through austerity measures. Just means more of our lives will be privatized. Maybe they'll let Starbucks buy every library in the country or make it so you have to pay a toll to walk into a hospital
Honestly I’m angrier at the moment that it’s Q4 than the economy… God it sucks getting a job while companies are tightening their budgets!!
And getting richer
Haha sorry mate
@@watamatafoyuand overworking the current employees
if a person makes say 20 an hour, their company needs to get 30 an hour in productivity from them
@@TylerHull-mq1vu
Appreciate it
"Best to vote for candidates that atleast recognize there's a problem"
In every country the incumbents are losing because the new guy is blaming the the ones in charge for inflation even though it’s a global problem.
@@RJames-uy2mt It's Biden problem , Ukraine war , overspend , funding billions to Israel Ukraine .
Yeah and that candidate has a concept of a plan.
Too bad their plan to fix the problem will only make the problem worse
I think every opposition party acknowledge that. Until one year into the mandate has passed.
I’ve come to realize that people are fine with socialist policies as long as you don’t call it socialism.
This is a great comment -- and somebody on TH-cam exposed a different way of polling voters prior to the election ||>> by using policy statements for people to decide on without knowing which party is behind it … upshot most people were bipartisan in agreement on what MAGA would consider “socialism”. People nowadays do need a more level playing field to succeed.
Yes. It's pretty obvious that people need and should want radical leftwing policies. But they keep voting for the opposite and shift further right on the spectrum year by year. I mean, They get what they are voting for. I don't know why they are suprpised. It's nice that they are pumping up my stock portfolio though.
There is a perfect example of socialism in America that many don't realize. The military. They have full healthcare, benefits, and educational coverage. Also if you look at the hierarchy it is also more merit based. Compared to a corporate structure, in the military those at the very top don't exponentially out earn those at the very bottom. The military has many socialist policies in place and not even the most right wing of Republicans will fuck with the US military.
There's an important difference between heavy regulation of a market economy baseline to correct the problems of a market like volatility of inelastic necessities and having a command economy baseline with practically impossible to solve incentive problems. "Classical" Socialism is the latter with an incredibly long history of everyone involved refusing to learn from the constant failures, "pure" Capitalism is deft at avoiding the former while demanding several wealth-concentration opportunities due to investment dynamics.
The "socialist" policies that have a track record of actually working are the state being a capitalist actor in itself using the revenue from its business ventures in place of truly crippling taxes for welfare (Sovereign wealth funds like the Scandinavian states) and market economics driven bottom-up by the workers forming cooperatives rather than top-down by investors buying material to work with (market "socialism" like Slovenia). Neither remotely fits the incredibly vast majority of socialist theory nor "socialism" as an economic model of its own because both are still beholden to extremely devolved decision making by consumers paying with money.
I would really like to see how the USA would react if the social democrat party of Finland suddenly ran, or if European christian democracy came.
If you have 10 people in a room and 9 of those people are unemployed and 1 of those people is the CEO of a fortune 500 company with an annual salary of $1,000,000 per year, the mean salary of people in that room is $100,000 per year but the median salary is 0.
Further grim thought; 90% of the people in that room will be suffering horribly every day, and be degraded, while 10% live in luxury.
@@tornamacpilib5029 if you have a chance room with 1 healthy patients and 1 dying of kidney disease.
Everyone has an average of one healthy kidney.
This does not stop greedy people from refusing to share
Bill Gates walks into a bar. On average, everyone became billionaires.
Sorry, but implementing "one click cancelation" to my NYT subscription isn't putting food on the pocket.
and yet, people will not rebel. They will lie in complacent suffering as they, their loved ones, and those around them starve, stagnate, and die. There are more people holding cardboard signs in the street than ever before, but people seem to think it's fine. They didn't fight back against wall street. They didn't fight back for the health of the planet.
They won't fight back now. People have been conditioned to think this sort of suffering is ok, and is normal. They don't want to disturb that normalcy with the discomfort that comes from confrontation.
and there is one comment abive saying ,its happening all over the world and people are complaining too much
The non compete rule got held up in court
Thanks for making a semi-political video that properly balances out the concerns of both parties. It is telling that the comments section is civil that you put a lot of time, effort, and thought into this video to find common ground. And this I applaud you for.
Scared people don't always make the best decisions. That's one big reason why so many political ads go on about "are you better off than you were", they want to ramp up that fear, uncertainty, and doubt (FUD). It's one of the main tricks of marketing and it's used everywhere. Whenever you see FUD being used hang on to your billfold and your liberties.
So stupid. "Hey, my house has leaks and the current admin my not patch them up, so I'm voting for the demented arsonists and their merry band of termites.
Ngl the Internet is such a powerful tool since it's our best way to make our voice heard off while taking action upon those greedy politicians who only care about their wealth.
The only problem is, most of us are greedy too.
One way I put it is that while prices have stopped "spiking", they are still "spiked" - they're no longer "climbing", but they're still so high. People haven't been able to adjust to the new norm, so it's "bad".
It's easy for companies to increase their prices, so those can go up quickly in the event of any factors contributing to inflation. But every increase in wages must be hard-fought and reluctantly given, so it's a much slower process.
Funny how higher wages only "trickle down", but higher prices are cloud seeded at every opportunity.
@@doujinflip "cloud seeded" that's a spicy nugget
Are "they" involved here?
They are still climbing, just not as fast
Inflation is still rising, even if the inflation rate is dropping, prices are stilling going up, just not as fast. They are liars.
📃 9:00 CORRECTION: This is a bit irresponsible. Reducing budgets is NOT eliminating the public service. With respect, I think you dont understand what DEFUND the police initiative really was across the board... Officers dont need to be fired or even lose their hand guns tazers or cars.
But they have massive expensive weapon stock piles and receive regular pressure to use them despite the fact that they call in swat and national guard at times when force is needed.
I don't know any black Americans my age that don't know someone illegally killed or permanently maimed by police.
The goal is not to get rid of police. Its to cut the frivolous spending that leads to escalation in violence.
Cops dont need an armory like the national guard. The idea that that go in as soldiers with the MANTRA OF SELF DEFENSE despire them essentially invading in many cases leads to violence.
If i have not misunderstood you, PLEASE PLEASE research this better to avoid the danger of misinformation. We already have propaganda.
Thanks for articulating this better than I could have.
Homie, your statement makes no sense to me. The military gear generally are not actually paid for by the local government that pays the police. Most of this gear is surplus military gear. Just look up the 1033 program, most of these “stockpiles” don’t come out of the police budget. So to “defund” the police we would actually have to cut people. We would need to fire police. So your statement is completely inaccurate propaganda.
Also “i don’t know a single black person who doesn’t know some who has been illegally killed by police” well the stats say otherwise. Black people are actually the least likely to be shot by police going by the number of police incidents per capita. They just have an outsized number of police incidents, due to their own decisions and actions.
I work at a publik Office. Your comment is BS. Sorry someone leyed to You.
@@Nachtwandler100
Generally it was an incomplete idea that deserved criticism, but not complete dismissal unless you just don't believe ANY victims about abuse of power and funding .
Ignore the social media and summaries from peers and read the actual proposed measures. Specifically in Georgia. Read what the ACTUAL plan was, not just how it was received by the public sector employees.
Those of us who have suffered police violence threats and murders personally, follow the paper trails, bills legislation and proposals. No someone didn't just "lie" to me.
Stop and Frisk, war on drugs and other prison industrial complex issues couldn't have been so successful if budgets were split among more varied resources, like DEFUND the police proposed.
Problem was there were many conflicting proposals plus disinformation everywhere.
@@Nachtwandler100 You'll quickly find that they just want to make sure that the city has more emergency response options than just the police and shows of force. It acknowledges how hard it is to actually fire an officer and leverages that to propose that reduced budget would lead not to layoffs but to weapons and redistribution of personnel. More org and less militarism basically.
Less officers on the ground does not mean firing them. It means calling backup doesn't end up in a 6 against 1 encounter.
Instead they call other organizations to assist, including healthcare people, etc
People should be angry! Tax laws and policies favor Companies, and trickle down economics over people and families.
@@jaredyoung5353 start a company.
Americans are sufficiently gaslit into believing their failure to thrive is an individual problem.
Things are completely fucked. Their denial is insane and part of the damn problem in fixing it
I find it absolutely insane as a gen z that I listened to all these oldies got my degree, an internship, and 3 years of experience out of college but can’t even land a job as a server let alone anything related to my field that pays decent to just survive. All lies
That's bevause those boomers you listened too are afraid their advice might come back and bite them in the keister. They refuse to hire you because you're too qualified.
Did I hear that right? “The FTC has swung its regulatory dick around…..” 😭😭😭😭
Lina khan be packing that regulatory schmeat
Me being a dreamer:
a) Acknowledge the problem without placing blame
b) Discuss solutions.
Isn't it interesting how billionaires often brainwash people into believing that chasing money isn't the path to happiness? The truth is, while money itself might not bring happiness, it does provide security and freedom. These billionaires are securing wealth for future generations, and one thing they all have in common is that they're investors. It's crucial for people to take their financial literacy seriously and consider investing in the stock market. It really can work for you and help you build the financial future you deserve.
Investing and trading now will be the wisest thing to do especially with the current economic fluctuation and inflations.
Success usually comes to those who are too busy looking for it. If you're willing to do business or become an investor then you will be rich.
If you're unsure about investing or need personalized guidance, consider consulting with a financial advisor or investment professional. They can provide tailored advice based on your individual needs and goals.
@@MasonRoy822How can someone recognize a skilled trader?
@@TatePettersonMichael Cerantes is probably the best
Politician incumbents: *Gaslight*
Media: *Gaslight*
People: "Why do I not have money then? Why are the only jobs that have the 'grace' to 'reduce themselves' to responding to your applications in the past 4 years are ones that say you don't have experience?"
Media: *Gaslight*
Politician: "You go, girl boss! You don't need a primary or any process that is democratic in anything but name!"
@@SangoProductions213 you are paid what you are worth. Turns out you are not worth much
@@ngf5077That's right! They should get educated in something like... Hmmm, Pyrotechnic chemistry! That way, the cost of them being unemployed and radicalized is far higher than giving them a job!
@@ngf5077 Turns out, the entire country recognizes the lies. Have fun with Trump.
It is illegal for one’s election campaign to cost more than a pre-determined amount of money in most parts of the world, except America of course.
Elections have different rules around the world. It might be allocation of tv time. Sometimes the campaign stops on the last few days.
Imagine begging for more money from common people to pay off $20m in debts from hiring Taylor swift after getting 1.5 billion from corporations.
Y'all's police actually help you? No wonder you don't want to cut their funding. My local police suck and buy sports cars for cruisers. I've been hit and run, robbed, and assaulted, and cops did nothing to help.
What a privilege it must be to see the police as a service provided for you, and not as agents of a corrupt state.
We've outsourced a lot of the jobs that used to pay well and the remaining ones have ridiculous barriers to entry or have terrible working conditions
I appreciate that you explained your background. I understand now why your channel feels so even-handed because you've been both working class and rich, so you've seen both sides.
Robert Reich wrote a great blog post here on YT talking about the workers in the midwest and how presidential candidates on both sides keep ignoring their needs. I don’t follow Reich anymore but it was a powerful piece of writing.
I read an article about Robert Reich years ago, it was titled "Half-right Reich." He does a good job of diagnosing the problem, for instance wages are stagnating for workers, but his solutions are old-school socialist. One absurd contradiction is that he's pro union, but lobbied aggressively for NAFTA. So in the past he was better than most because he at least acknowledged there was a problem, but his solutions were awful.
@@bobbobertson7568Unions usually have opinions about non-organized labour. But I don't think it matters as much as you think if that unorganized labour is a Mexican seasonal worker or an Uber driver from Florida.
Small unions see good. Big unions like the teamster screwed my family members who worked at ups out of pay and pensions.
Healthcare has also been destroyed by the profit motive above and beyond the increased costs.
The non compete rule is still in effect. The shit got thrown out
I always try to remind myself that of all generations ever, economically, we are still in thr top 10, easy. Still, the stark contrast between the last few generations and mine is hard to stomach.
So long as it is possible for individuals or private interest groups to infinitely grow in wealth and power, democracy will inevitably die. A wealth cap ratio is the only way to save democracy.
@@rampaginwalrus you’re not entitled to other peoples resources
@@ngf5077so the rich who produce nothing shouldn’t be entitled to the labor they exploit. Correct.
@@rabl3535 correct. Don’t like it? Don’t use their resources
@@ngf5077 account made in 2022, you're either a bot or a child. Even if you're an adult, your moral compass is apparently shallow enough that "I don't want to share" is somehow a good and righteous reason for why millions of people should need to work 2-3 jobs just to barely survive, while a tiny number of people own 2-3 houses without needing to work a single day in their life.
"I don't want to share" is a good enough reason why the bottom 50% of the population only owns 2.5% of the nation's personal wealth? That's not even including the wealth and assets of corporations.
We work the factories, we farm the fields, we work in the hospitals, we build the homes and infrastructure, we do all the work, and they get all the rewards. The rich are stealing from us. They've gaslighted us into believing that the fruits of our labor rightfully belong to them. This is feudalism. We have been relegated as peasants, all the while being told that THIS IS freedom, and so there's no need for us to fight for our freedom.
This notion that prices must NEVER come down, and economic growth MUST always be infinite seem very short sighted. Some bubbles should be allowed to pop, and we should be better able to accommodate that.
The Police don't keep you safe. This is what regular people who live in dangerous neighborhoods tell me. And what I know from having lived in bad neighborhoods
Getting handed a sh*t sandwich and being told it's a BLT is frustrating. Calling the "manager" to fix the issue and having them show you a graph based on some funny numbers about how sh*t sandwiches are actually BLTs is beyond angering
We also need a broader conversation on why inflation is considered “normal” at 2-3% a year, while a crime caused by the current administration if it passes 10%. Government manipulation of green rectangles is stealing productivity from the bottom and moving it to the top, causing many of these problems.
It’s okay to be angry, but we’re moving into cynicism which is worse than being unaware of a problem. It’s knowing there’s a problem and still not caring if it gets worse.
People won’t believe anything that isn’t in their self-interest to believe
rt ppl dont care about the long term sustainability of the collective
Both Trump and Biden paid for their responses to the pandemic. Trump paid in 2020 because he didn't do enough to help the people when the pandemic started, and Biden/Kamala paid this year because he didn't help the people enough in the years after the pandemic.
A lot of people are worse off than they were in 2019, so this should be a lesson to all politicians that if the people aren't doing well, they will blame whoever the current administration is, so do right by the people economically
All that "help" has been driving the inflation people want help with. Money printing/borrowing has consequences.
The federal deficit is nearly two trillion dollars for this year. There's nothing sustainable about that. There's no room for "should have helped more". The federal government is just as broke as you think people are. It's not living paycheck to paycheck. It's living on credit. Americans need to get real about government spending. Adult conversations are long overdue.
Trump won, though. First President to win three terms in a row in a long while.
@@BTrain-is8chSo...cuts to social security and/or military spending? Because if you're not inclined to allow either of those you're not going to be able to make up for that deficit with spending cuts.
If every single civilian federal employee was laid off that would only account for 15 percent of the overall budget.
@@BTrain-is8ch And yet there's always room for tax cuts and subsidies for the wealthy under both sides of the aisle. Doing nothing is not sustainable. Sayings like everyone should just "pull themselves up by the bootstraps" is nice, but is unrealistic for Americans already struggling. Government CAN be a good tool for giving Americans a helping hand, but not in its current form where big money rules everything.
He wasn't voted out, though.
"its just yuppies and college kids who want to abolish the police!"
or anyone who has dignity and doesn't want to end up like the thousands tortured and slain by cops at traffic stops
The 1% own 28% of assets while the bottom 50% hold 5% of assets.
In a great generalization, there are really two classes
Working class and stockholders
The working class builds and runs the world, while the stockholders benefit off their backs, making often worse decisions for a company than the workers "in the field" who would often better know how to improve performance and work, increasing work/life balance
But in order for that to happen, the stockholders would have to give up control, and their income.
New idea, how about ubi funded from the "profits" and stockholders make less than the people who actually do something for the company
Congrats. You just invented communism from first principles. Here's your medal. 🏅
In America the only surprising part of this is that the average American seems to be getting upset that they are going backwards. Most Americans have been going nowhere since the 80s.
Economy is the most evil and voracious god humanity has ever dreamed up
Out of all the hour long deep dives, debates and podcasts I've listened too over the last few months as to why every election this year has turned out the way it has, a goofy guy in california who I watch for basic economic explanations summarises and explains it better than all of them in 12 minuets. Bravo.
He's appealing to your biases. No more, no less.
Most people would prefer price controls on essential goods than supermarkets making record profits.
Maybe big corporations that represent essential goods should be forced to submit a request to raise prices?
This video real did feel like it tried so hard to understand why people voted red without truly understanding it. None of this matters in the slightest. What matters is people want the quality of life to go up. Scream your biased numbers to the sky all you want but butter is 7 dollars and can barely be considered butter anymore.
About the rich kids, "never needing the police to be safe" no, there police were there to keep them safe, but those kids didn't see them, were kept from seeing them, or were the problem for the police and why they wanted them gone.